Main theme in issue:
Blood and Oil - Lessons From Tyranny
The Economist is an English-language weekly news and international
affairs publication owned by "The Economist Newspaper Ltd" and edited
in London. It has been in continuous publication since James Wilson
established it in September 1843. As of summer 2007, its average
circulation topped 1.2 million copies a week, about half of which are
sold in North America. Consequently it is often seen as a transatlantic
(as opposed to solely British) news source.
The aim of The Economist is "to take part in a severe contest between
intelligence, which presses forward, and an unworthy, timid ignorance
obstructing our progress."Subjects covered include international news,
economics, politics, business, finance, science, technology, and the
arts. The publication is targeted at the high-end "prestige" segment
of the market and counts among its audience influential business and
government decision-makers.
It takes a strongly argued editorial stance on many issues, especially
its support for free trade and fiscal conservatism; it can thus be
considered as a magazine which practises advocacy journalism.
Although The Economist calls itself a newspaper and refers to its staff
as correspondents, it is printed in magazine form on glossy paper, like
a newsmagazine.
The Economist belongs to The Economist Group. The publication interests
of the group include the CFO brand family as well as the annual World
in..., the lifestyle quarterly Intelligent Life, European Voice and Roll
Call (known as "the Newspaper of Capitol Hill"). Another part of the
group is The Economist Intelligence Unit, a research and advisory company
providing country, industry and management analysis worldwide. Since 1928,
half the shares of The Economist Group have been owned by the Financial
Times, a subsidiary of Pearson PLC, and the other half by a group of
independent shareholders, including many members of the staff. The editor's
independence is guaranteed by the existence of a board of trustees, which
formally appoints him and without whose permission he cannot be removed.
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